Ring Energy Provides Operational Update, Revised Fourth Quarter Guidance & Initial Outlook for 2023
THE WOODLANDS, Texas, Oct. 13, 2022 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE:REI) ("Ring" or the "Company") today provided an operational update for the third quarter and full year 2022, revised guidance for the fourth quarter of 2022, and an initial outlook for the 2023 full year that reflects the previously announced completion of its acquisition (the "Transaction") of the assets of privately held Stronghold Energy II Operating, LLC and Stronghold Energy II Royalties, LP (collectively, "Stronghold"). OPERATIONAL HIGHLIGHTS Continued the successful execution of its 2022 development program, including: Drilled eight horizontal ("Hz") wells during Q3 2022 with five in the Northwes
